www.DowJonesMonitor.com
The following is not intended as advertising by a broker-dealer and is not a research report. Any comments by third-parties do not reflect the views of Intellivest Securities Research, Inc. and have not been reviewed by us for completeness or accuracy.
Post No. 807 The following is brought to you by Intellivest Securities Research, Inc. Toward the end of this Blog is a list of the Dow 30 current CEOs, a ranking of the Dow 30 components by market capitalization as of Dec. 7, 2010 and Dow 30 component's SEC filings as of Dec. 11, 2010.
The Dow Jones Industrial Average closed Monday at 11,670.75 up 93.24 points or 0.81% from Friday's close of 11,577.51. Of the 30 Dow Jones component companies 25 gained, Merck was changed and 4 declined. The biggest gainer dollar-wise was Exxon XOM $74.55 +1.43 1.96% 23,298,920 NYSE and percentage-wise was Bank of America BAC $14.19 +0.85 6.37% 352,223,642 NYSE. The biggest decliner dollar-wise was Coke KO $65.22 -0.55 0.84% 9,458,654 NYSE and percentage-wise was Intel INTC $20.85 -0.18 0.86% 57,843,154 NASDAQ-GS.
As of the open of the market Friday, the current divisor for the Dow Jones Industrial Average found at page C4 of Friday's Wall St. Journal is 0.132129493. The trailing P/E is 14.75 down from Thursday's 14.77 (year ago it was 18.09); the P/E estimate is 13.54 unchanged from Thursday's 13.54 (year ago it was 16.40), and the dividend yield is 2.48 unchanged from Thursday's 2.48 (last year it was 2.64). The Dow's all-time high was 14,164.53 on Oct. 9, 2007. The 12 year low close for the Dow was on March 9, 2009 when it fell to 6,547.05.
Monday's Dow Jones Industrial Average closing numerator was 1,542.05 up 12.32 from Friday's closing numerator of 1,529.73. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Monday's Dow Jones Industrial Average was $51.40 up $0.41 from Friday's Dow Jones Industrial Average average closing price of $50.99. The median closing price of Monday's Dow Jones Industrial Average was $43.07 (AXP/HPQ up $0.60 from Friday's median closing price of $42.47. The lowest volume was 3M MMM $86.79 +0.49 0.57% 2,621,994 NYSE and the highest volume was again Bank of America BAC $14.19 +0.85 6.37% 352,223,642 NYSE.
If Monday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have nade $1,232 ($154,205 - $152,973 - $).
MarketWatch Monday 1/3/11 4:31 by Kate Gibson says U.S. stocks rallied on the first trading session of the year Monday, with major averages climbing to two-year highs as reports on manufacturing and construction fueled hopes for the economy. “The optimism at the end of 2010 continues into 2011. Investors, including me, hope that 2011 will be a better year for earnings, confidence, housing and jobs,” Kevin Giddis, an executive managing director of fixed-income capital markets at Morgan Keegan, wrote in a research note. The Dow Jones Industrial Average (DJIA 11,671, +93.24, +0.81%) gained 93.24 points, or 0.8%, to 11,670.75, marking its highest close since August 2008 and its biggest jump since early December. Blue-chip gains were led by a 6.4% jump in shares of Bank of America Corp. (BAC 14.19, +0.85, +6.37%). Mark Hulbert says the outlook for the market in 2011 is positive, in part because it is the third year of a presidential election cycle, a year that has historically produced strong returns. The nation’s largest bank on Monday said it would resolve disputes with Freddie Mac (FMCC 0.33, +0.02, +6.63%) and Fannie Mae (FNMA 0.33, +0.03, +10.00%) by paying more than $2.6 billion to settle claims it sold loans based on faulty information. Extending a climb of 13% in 2010, the S&P 500 Index fell (SPX 1,272, +14.25, +1.13%) 14.23 points, or 1.1%, to 1,271.87, led by a 2.3% jump in the financial sector.On the New York Mercantile Exchange, crude-oil futures (CLG11 91.53, +0.15, +0.16%) topped $91 a barrel.
Pointing to bullish projections that crude could rise to $120 a barrel this year, one market strategist said that one factor in the commodity’s favor is “the relative absence of speculation” this time around.If historical relationships hold, $120 crude would equate to $3.60 a gallon at the pump, said Jack Ablin, chief investment officer at Harris Private Bank.And, “since the gain in crude is more likely fueled by end-user demand rather than investor speculation, the bullish trend should continue,” Ablin added.Treasury prices fell, pushing yields on the benchmark 10-year note (UST10Y 3.33, +0.05, +1.37%) up to 3.335%. Mortgage rates and other consumer borrowing costs are heavily influenced by the 10-year note yield.
The Institute for Supply Management’s manufacturing index in December climbed to 57% from 56.6% in November, signaling expansion. Separately, the Commerce Department reported that construction spending climbed for a third straight month in November, up 0.4%.“Money flows out of domestically-oriented equity mutual funds for eight months up until last week certainly does not argue that investors love stocks excessively as they did back in 2000,” Tobias Levkovich, an analyst at Citigroup, noted.
Monday's Closing Dow Numbers:
AT&T T $29.67 +0.29 0.99% 20,472,273 NYSE
Alcoa AA $15.8 +0.41 2.66% 40,789,332 NYSE
Amex AXP $43.4 +0.48 1.12% 7,537,678 NYSE
Bank of America BAC $14.19 +0.85 6.37% 352,223,642 NYSE
Boeing BA $66.4 +1.14 1.75% 8,040,821 NYSE
Caterpillar CAT $94.15 +0.49 0.52% 5,216,933 NYSE
Chevron CVX $91.94 +0.69 0.76% 7,778,626 NYSE
Cisco CSCO $20.49 +0.26 1.29% 54,222,612 NASDAQ-GS
Coke KO $65.22 -0.55 0.84% 9,458,654 NYSE
Disney DIS $37.82 +0.31 0.83% 7,564,927 NYSE
DuPont DD $50.03 +0.15 0.3% 5,506,809 NYSE
Exxon XOM $74.55 +1.43 1.96% 23,298,920 NYSE
GE $18.28 -0.01 0.05% 52,759,333 NYSE
Hewlett-Packard HPQ $42.74 +0.64 1.52% 19,344,274 NYSE
Home Depot HD $35.31 +0.25 0.71% 7,444,402 NYSE
Intel INTC $20.85 -0.18 0.86% 57,843,154 NASDAQ-GS
IBM $147.48 +0.72 0.49% 4,592,417 NYSE
JPMorgan JPM $43.58 +1.16 2.73% 43,138,373 NYSE
JNJ $62.82 +0.97 1.57% 14,794,870 NYSE
KFT $31.67 +0.16 0.51% 8,513,920 NYSE
MCD $76.6 -0.16 0.21% 7,960,711 NYSE
MRK $36.04 unch unch 19,543,085 NYSE
MSFT $27.98 +0.07 0.25% 53,383,509 NASDAQ-GS
Pfizer PFE $17.68 +0.17 0.97% 32,319,823 NYSE
Procter & Gamble PG $64.77 +0.44 0.68% 9,990,624 NYSE
3M MMM $86.79 +0.49 0.57% 2,621,994 NYSE
Travelers TRV $55.82 +0.11 0.2% 2,661,776 NYSE
United Tech UTX $78.99 +0.27 0.34% 3,048,522 NYSE
Verizon VZ $36.43 +0.65 1.82% 20,068,824 DualListed
Walmart WMT $54.56 +0.63 1.17% 14,258,623 NYSE
*******************
The following are excerpts from Monday morning's Blog:
A read of the print editions Monday's Barron's, Wall St. Journal, New York Times, USA Today, Atlanta Journal Constitution & Daily Report (Ga) yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Friday's stock prices and related data.
Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 11,577.51 up 7.8 points or 0.07% from Thursday's close of 11,569.71. For 2010 the Dow was up 11.02%, its second straight yearly rise and up 31.9% since '08. Of the 30 Dow Jones component companies 20 gained, Cisco and McDonald's were unchanged and 8 declined. The biggest gainer dollar-wise was American Express AXP $42.94 +0.43 1.01% 2,932,874 NYSE and percentage-wise was Alcoa AA $15.39 +0.18 1.18% 14,285,163 NYSE. The biggest decliner dollar-wise was Chevron CVX $91.35 -0.25 0.27% 3,913,032 NYSE and percentage-wise was Hewlett-Packard HPQ $42.-1 0.16 0.38% 7,424,421 NYSE.
Friday's Dow Jones Industrial Average closing numerator was 1,529.73 up 1.04 from Thursday's closing numerator of 1,528.69. This is the sum of all 30 closing prices. A short cut to the Dow numerator is to multiply the closing Dow by the Divisor. Now, if you divide the Dow numerator increase for today by the divisor (0.132129493) you get the increase in today's Dow. A $1 change in the price of any DJIA stock = a 7.57 change in the average.
The average closing price (the closing numerator divided by 30) of Friday's Dow Jones Industrial Average was $50.99 up $0.03 from Thursday's Dow Jones Industrial Average average closing price of $50.96. The median closing price of Friday's Dow Jones Industrial Average was $42.47 (AXP/HPQ up $0.38 from Thursday's median closing price of $42.39. The lowest volume was 3M MMM $86.3 -0.24 0.28% 1,787,008 NYSE and the highest volume was again Bank of America BAC $13.34 +0.06 0.45% 62,264,782 NYSE.
If Friday morning before the market opened you had purchased 100 shares of each of the Dow Jones Industrial Average 30 shares (assuming you could buy fractional shares and assuming no transaction costs) and sold at the close you would have nade $83 ($152,973 - $152,880).
MarketWatch Friday 12/31/10 4:25 by Nick Godt says U.S. stocks ended 2010 with strong gains, advancing for the second year in a row, as stimulus measures from the Federal Reserve and the government and recent signs of improvement in the economy encouraged investors' spirits. The Dow Jones Industrial Average (DJIA 11,578, +7.80, +0.07%) closed the year at 11,577.51 on Friday, up 7.8 points for the session, and less than 10 points below a two-year high it reached on Wednesday. The Dow jumped 5.2% in December and is up 11% for the year. The S&P 500 index (SPX 1,258, -0.24, -0.02%) fell 0.24 point to 1,257.64 on Friday. The broad index still jumped 6.5% for the month and is up 12.8% in 2010. The Nasdaq Composite (COMP 2,653, -10.11, -0.38%) fell 10.11 points, or 0.4%, to 2,652.87 Friday, leaving it with 6.2% advance in December and a 16.9% gain for the year.
Friday's Closing Dow Numbers and Monday's News:
AT&T T $29.38 +0.05 0.17% 15,065,095 NYSE: No mentions found.
Alcoa AA $15.39 +0.18 1.18% 14,285,163 NYSE: No mentions found.
American Express AXP $42.94 +0.43 1.01% 2,932,874 NYSE: No mentions found.
Bank of America BAC $13.34 +0.06 0.45% 62,264,782 NYSE: WSJ pC1 "Bank stocks are facing headwinds" by Randall Smith says bank stocks regained their footing in '10 for the first time in 4 years as loan losses declined, an economic recovery began to improve returns on assets & the gov exited from the big banking business. But JPMorgan rose a paltry 1.3% and Bank of America was down 12%. Both were hit in the spring by concerns over sovereign debt risk in Europe coming to the US.
NYT pB1 "Facinga new type of threat from WikiLeaks, a bank plays defense" by Nelson Schwartz says as a result of leaks, Bank of America is looking for signs that its internal systems were compromised.
WSJ pR16 "Banks dined on junk & IPOs" by Liz Rapport says JPMorgan lost its No. 1 underwriting position in both stocks and bonds, but it did place tops in both fee income and rev while Bank of America Merrill Lynch was second.
Barron's p16 "Reading the 2011 tea leaves" is a multiple choice quiz with the author's answers given at the end of the article and he says that of '10 laggards that include Cisco, Bank of America an Hewlett-Packard, Western Digital does the best in '11, that Pepsi's Indra Nooyi (and not Microsoft's Ballmer, Cisco's Chambers or Bank of America's Brian Moynihan will be gone by year's end; that Bank of America will be 11's top performing Dow industrial (including dividends", and that Caterpillar will be the worst-performing stock in the Dow.
Barron's pM11 "The force is with financials" by Steven M. Sears says that the options action is bullish in out of the money calls on JPMorgan and Bank of America that assumes their dividends will mroe than double in the first quarter which will attract new buyers and cause the stocks' prices to advance.
Boeing BA $65.27 +0.26 0.4% 1,854,369 NYSE: NYT pA1 "Hidden hand of diplomats in jet deals" by Eric Lipton describes how billions are at stake in Boeing's rivalry with Airbus as diplomats are playing an increasing big part of the sales efforts according to hundreds of cables released by WikiLeaks which describe politicking and cajoling at the highest levels.
Caterpillar CAT $93.69 -0.18 0.19% 2,331,152 NYSE: Barron's p16 "Reading the 2011 tea leaves" is a multiple choice quiz with the author's answers given at the end of the article and he says that of '10 laggards that include Cisco, Bank of America an Hewlett-Packard, Western Digital does the best in '11, that Pepsi's Indra Nooyi (and not Microsoft's Ballmer, Cisco's Chambers or Bank of America's Brian Moynihan will be gone by year's end; that Bank of America will be 11's top performing Dow industrial (including dividends", and that Caterpillar will be the worst-performing stock in the Dow.
Chevron CVX $91.35 -0.25 0.27% 3,913,032 NYSE: WSJ pA1 "Drilling is stalled even after ban lifgted" by Ben Casselman says more than 2 months after the Obama admin lifted its ban on drilling in the Gulf of Mexico, oil firms are still waiting for approval to drill the first new oil well there and it may not be until '12 before they can do so. The delay is hurting big firms such as Chevron which have billions of investments of dollars tied up in Gulf projects that are on hold.
Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
Cisco CSCO $20.23 unch unch 28,232,362 NASDAQ-GS: Barron's p16 "Reading the 2011 tea leaves" is a multiple choice quiz with the author's answers given at the end of the article and he says that of '10 laggards that include Cisco, Bank of America an Hewlett-Packard, Western Digital does the best in '11, that Pepsi's Indra Nooyi (and not Microsoft's Ballmer, Cisco's Chambers or Bank of America's Brian Moynihan will be gone by year's end; that Bank of America will be 11's top performing Dow industrial (including dividends", and that Caterpillar will be the worst-performing stock in the Dow.
Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
Coke KO $65.8 +0.30 0.46% 4,570,778 NYSE: No mentions found.
Disney DIS $37.51 +0.03 0.08% 3,620,473 NYSE: No mentions found.
DuPont DD $49.9 +0.21 0.42% 2,010,059 NYSE: No mentions found.
Exxon XOM $73.15 -0.21 0.29% 12,302,082 NYSE: Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
GE $18.31 +0.12 0.66% 23,575,830 NYSE: WSJ pB1 "Big firms poised to spend again" by James hagery says GE will boost R&D spending to $5 bil in '11, up from estimated $4 bil in '10 and is expanding research operations in Brazil, China and Michigan. Intel will spend $6 bil to $8 bil in manufacturing technology at its US chip factories over the next 2 1/2 years.
Hewlett-Packard HPQ $42.-1 0.16 0.38% 7,424,421 NYSE: Barron's p21 "Coming to Vegas: the tablet rat pack" says at the Consumer Electronics Show next week Microsoft will give the keynote, Hewlett-Packard and Intel will show of tablets and Motorola will show off new gear for Verizon to run on Verizon's 4G wireless ervice unveiled by Verizon in Dec.
Home Depot HD $35.06 +0.20 0.57% 5,389,274 NYSE: No mentions found.
Intel INTC $21.03 +0.01 0.05% 15,404,826 NASDAQ-GS: WSJ pB3 "Intel chips win Hollywood role" by Don Clark says Intel's latest chip line is security technology that has persuaded some firms to let PC users view movies and tv shows in top quality video format for the first time.
WSJ pB1 "Big firms poised to spend again" by James hagery says GE will boost R&D spending to $5 bil in '11, up from estimated $4 bil in '10 and is expanding research operations in Brazil, China and Michigan. Intel will spend $6 bil to $8 bil in manufacturing technology at its US chip factories over the next 2 1/2 years.
Barron's p21 "Coming to Vegas: the tablet rat pack" says at the Consumer Electronics Show next week Microsoft will give the keynote, Hewlett-Packard and Intel will show of tablets and Motorola will show off new gear for Verizon to run on Verizon's 4G wireless service unveiled by Verizon in Dec.
IBM $146.76 +0.09 0.06% 2,948,306 NYSE: No mentions found.
JPMorgan JPM $42.45 +0.22 0.52% 10,558,510 NYSE: WSJ pR16 "Banks dined on junk & IPOs" by Liz Rapport says JPMorgan lost its No. 1 underwriting position in both stocks and bonds, but it did place tops in both fee income and rev while Bank of America Merrill Lynch was second.
WSJ pC1 "Bank stocks are facing headwinds" by Randall Smith says bank stocks regained their footing in '10 for the first time in 4 years as loan losses declined, an economic recovery began to improve returns on assets & the gov exited from the big banking business. But JPMorgan rose a paltry 1.3% and Bank of America was down 12%. Both were hit in the spring by concerns over sovereign debt risk in Europe coming to the US.
Barron's pM11 "The force is with financials" by Steven M. Sears says that the options action is bullish in out of the money calls on JPMorgan and Bank of America that assumes their dividends will mroe than double in the first quarter which will attract new buyers and cause the stocks' prices to advance.
Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
Johnson & Johnson JNJ $61.87 -0.07 0.11% 4,005,691 NYSE: No mentions found.
Kraft KFT $31.53 +0.02 0.06% 2,704,459 NYSE: No mentions found.
McDonald's MCD $76.76 unch unch 2,473,730 NYSE: No mentions found.
Merck MRK $36.04 +0.03 0.08% 5,423,740 NYSE: No mentions found.
Microsoft MSFT $27.91 +0.06 0.22% 24,168,036 NASDAQ-GS: USA Today p5B "Tech glitches greet iPHone, Hotmail users for new eyar" by AP says some users of Microsoft Hotmail are scrambling to get back emails of old while others complait that their emails were sent to their deleted mail folders.
Barron's p16 "Reading the 2011 tea leaves" is a multiple choice quiz with the author's answers given at the end of the article and he says that of '10 laggards that include Cisco, Bank of America an Hewlett-Packard, Western Digital does the best in '11, that Pepsi's Indra Nooyi (and not Microsoft's Ballmer, Cisco's Chambers or Bank of America's Brian Moynihan will be gone by year's end; that Bank of America will be 11's top performing Dow industrial (including dividends", and that Caterpillar will be the worst-performing stock in the Dow.
WSJ pB2 "Elecgtronics show revives las Vegas glow" by Don Clark, Barron's p21 "Coming to Vegas: the tablet rat pack" says at the Consumer Electronics Show next week Microsoft will give the keynote, Hewlett-Packard and Intel will show of tablets and Motorola will show off new gear for Verizon to run on Verizon's 4G wireless ervice unveiled by Verizon in Dec.
Pfizer PFE $17.51 +0.02 0.11% 23,675,316 NYSE: Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
Procter & Gamble PG $64.33 +0.05 0.08% 5,220,565 NYSE: No mentions found.
3M MMM $86.3 -0.24 0.28% 1,787,008 NYSE: No mentions found.
Travelers TRV $55.71 +0.17 0.31% 1,898,175 NYSE: No mentions found.
United Technologies UTX $78.72 -0.13 0.16% 1,780,207 NYSE: No mentions found.
Verizon VZ $35.78 +0.22 0.62% 12,046,196 DualListed: WSJ pB3 "Verizon Wireles to showcase Google powered 4G phones" by Roger Cheng says Verizon Wireless will show off several devices powered by Google's software for its new 4G on Thurs at the annual Consumer Electronics show.
Barron's p21 "Coming to Vegas: the tablet rat pack" says at the Consumer Electronics Show next week Microsoft will give the keynote, Hewlett-Packard and Intel will show of tablets and Motorola will show off new gear for Verizon to run on Verizon's 4G wireless ervice unveiled by Verizon in Dec.
Walmart WMT $53.93 -0.14 0.26% 7,068,759 NYSE: Barron's p17 "Cover story ' hear, hear, Our favorites stocks for 2011" by Andrew Bary says its time to renew auld acquaintance with underpriced big caps such as ExxonMobil, Pfizer, Walmart, PepsiCo and GM. Barron's has identified 10 big caps worth buying that in addition to those mentioned also includes JPMorgan, Chevron and Cisco.
****************************
Here are the current CEOs of the Dow 30 Companies:
AT&T T Randall L. Stephenson (Dallas, TX)
Alcoa AA Klaus Kleinfeld (NY, NY)
American Express AXP Kenneth I. Chenault (NY, NY)
Bank of America BAC Brian T. Moynihan (Charlotte, N.C.)
Boeing BA W. James McNerney, Jr. (Cyhicago, Ill)
Caterpillar CAT Douglas Oberhelman (Peoria, Ill.)
Chevron CVX John Watson (San Ramon, CA)
Cisco CSCO John Chambers (San Jose, CA)
Coca Cola KO Muhtar Kent (Atlanta, GA)
Disney DIS Robert Iger (Burbank, CA)
DuPont DD Ellen Kullman (Wilmington, DE)
ExxonMobil XOM Rex W. Tillerson (Irving, Tx)
GE Jeffrey R. Immelt (Fairfield, CT)
Hewlett-Packard HPQ Leo Apotheker (Palo, Alto, CA)
Home Depot HD Frank Blake (Atlanta, GA)
Intel INTC Paul S. Otellini (Santa Clara, CA)
IBM Samuel J. Palmisano (Armonk, NY)
JPMorgan Chase JPM Jamie Dimon (NY, NY)
Johnson & Johnson JNJ William C. Weldon (New Brunswick, NJ)
Kraft KFT Irene Rosenfeld (Northfield, Ill.)
McDonald's MCD Jim Skinner (Oak Brook, Ill)
Merck MRK Kenneth Frazer 1/1/11 replaces Richard Clark (Whitehouse Station, N.J.)
Microsoft MSFT Steve Ballmer (Redmond, WA)
Pfizer PFE Ian Read (NY, NY)
Procter & Gamble PG Bob McDonald (Cincinnati, OH)
3M MMM George W. Buckley (St. Paul, MN)
Travelers TRV Jay S. Fishman (NY, NY)
United Technologies UTX Louis Chenevert (Hartford, CT)
Verizon VZ Ivan Seidenberg (NY, NY)
Wal-Mart WMT Mike Duke (Bentonville, ARK)
Here are the Dow Jones Industrial Average 30 ranked in order of market capitalization rounded to the nearest 1/2 billion as of 12/7/10 followed by number of shares outstanding rounded to the nearest 1/2 billion:
1. Exxon Mobil XOM $361 [5]
2. Microsoft MSFT 233 [9]
3. WalMart WMT 200 [3.5]
4. GE 182.5 [10.5]
5. IBM 179 [1]
6. Procter & Gamble PG 176 [3]
7. Chevron CVX 174 [2]
8. Johnson & Johnson JNJ 171 [3]
9. AT&T T 169 [6]
10. JPMorgan Chase JPM 154 [4]
11. Coke KO 149 [2.5]
12. Pfizer PFE 134.5 [8]
13. Intel INTC 120.5 [5.5]
14. Bank of America BAC 117 [10]
15. Cisco CSCO 111 [6]
16. Merck MRK 109 [3]
17. Verizon VZ 98 [3]
18. Hewlett-Packard HPQ 96 [2.5]
19. McDonald's MCD 85 [1]
20. United Technologies UTX 72.5 [1]
21. Disney DIS 71 [2]
22. 3M MMM 60.5 [.5]
23. Caterpillar CAT 57.5 [.5]
24. Home Depot 55 [1.5]
25. American Express AXP 54 [1]
26. Kraft KFT 53.5 [2]
27. Boeing BA 48.5 [1]
28. DuPont DD 45 [1]
29. Travelers 25.5 [.5]
30. Alcoa AA 14.5 [1]
Here are the latest 8K, 10Q & 10K SEC filings as of 12/11/10:
Symbol & Co. Name/Date of Filing/Form Filed/ Comments
AT&T T: 12/7/10 8K re: replacement of existing 5 year $9.4 bil revolving credit facility
12/1/10 8K re: redemption of all 7.8% notes due 3/1/11
11/5 10Q for quarter ending 9/30/10
Alcoa AA: 10/22/10 10Q for 3Q ended 9/30/10
10/12 8K re: transcript of 3Q earnings conference
10/8/10 8K re: 3Q results
American Express AXP: 11/15/10 8K re: delinquency & write-off statistics for period ending 10/31/10
11/3/10 10Q for quarter ending 9/30/10
11/2/10 8K re: changes to retirement plan for officers
Bank of Am BAC: 11/5/10 10Q for quarter ending 9/30/10
11/5/10 8K re: status of Countrywide litigation
10/20/108K re: registration of 50,354,545 shares
Boeing BA: 12/3/10 8K re: election o Ronald A. Williams to Board of Directors and the Audit & Finance Committees
11/16/10 8K re: $2.3 bil 364 day revolving credit agreement
Caterpiller CAT: 12/10/10 8K re: election of Jesse J. Greene, Jr. & Miles D. White to Board of Directors and Greene to the Audit Committee & White to Governance Committee
12/7/10 8K re: entering into bridge loan of up to $8.6 bil
11/18/10 8K re: status of acquisition of Bucyrus
11/18/10 8K 3 month dealer statistics
11/15/10 8K re: acquisition of Bucyrus for $8.6 bil to close mid '11
11/12/10 8K/A resignation of Gail D. Foster from Board of Directors
11/4/10 10Q for quarter ending 9/30/10
Chevron CVX:11/5/10 10Q for quarter ending 9/30/10
10/29 8K re 3Q net income of $3.77 bil down from $3.83 bil for 3Q '09
Cisco CSCO 11/23/10 10Q for quarter ending 10/30/10
Coke KO 12/9/10 8K re: election of Howard G. Buffett to Board of Directors & Public Issue & Diversity Relations Committees
12/1/10 8K/A re: technical amendment of prior 8K
11/23/10 8K re: result of cash tender offer for debt
11/18/10 8K re: completion of note offering
11/16/10 8K re: resignation of Cathleen p. Black from Board to become Chancellor of NYC Schools
11/8/10 8K re: underwriting agreement for issuance of notes
11/4/10 8K re tender offer for CCE debt
10/29/10 10Q for quarter ending 10/1/10
Disney DIS 11/24/10 10K for year ending 10/2/10
11/12/10 8K re: results of 4Qtr earnings
DuPont DD: 12/10 8K re: retirement of Jeffrey L, Keefer as EVP
10/21/10 10Q for 3rd quarter ending 9/30/10
10/26/10 8K re 3Q results
ExxonMobil XOM: 11/30/10 8K re: revisions to officers' compensation plan
11/16/10 10Q re 3Q results ending 9/30/10
10/28/10 8K re: 3Q results
10/22/10 SC TO-C re: offer to buy Clarinet Inc., a cancer diagnostic firm
GE: 11/3/10 10Q re 9/30/10 results
Hewlett-Packard HPQ: 12/2/10 8K re: underwriting agreement for issuance of notes
11/22/10 8K re: 4Q results
10/18/10 8K re: election of Leo Aptheker as Pres/CEO
Home Depot HD: 12/2/10 10Q re: results for period ending 10/31/10
11/16/10 8K re: update of fiscal year '10 guidance
Intel INTC: 11/12/10 8K re: 15% increase of quarterly cash dividend
11/2/10 10Q for quarter ending 9/25/10
IBM: 12/8/10 8K re: underwriting agreement re: debt
12/6/10 8K re: resignatin of Cathleen Black from Board of Directors
10/26/10 10Q for period ending 9/30/10
JPMorganChase JPM: 10/28/10 8K/A re: amendment to replace capital covenants re: debt
10/20/10 & 10/19/10 2 8Ks re: amendment to credit agreements
10/14/10 8K re: investor conference re: 3Q results
Johnson & Johnson JNJ : 11/10/10 10Q for quarter ending 10/3/10
Kraft KFT:12/6/10 8K re: seeking preliminary injunction vs. Starbucks
11/30/10 8K re: arbitration with Starbucks'11/29/10 8K re: cash debt tender offer to holders of $1 bil of notes
11/8/10 8K re: status of agreement with Starbucks'
11/5/10 10Q for quarter ending 9/30/10
11/4/10 8K re: 3Q results
McDonalds MCD: 12/10 8K re: amendment of Cert. of Incorp re: designations of rights of preferred stock
12/9/10 8K re: global sales results
11/9/10 8K re: results of global sales results
11/5/10 8K re: resignation of Denis Hennequin as President of McDonald's Europe to be replaced by Steve Easterbook
11/5/10 10Q for period ending 9/30/10
Merck MRK: 12/10/10 8K re: sale of 2.2% notesw due '16
11/30/10 8K re: election of Kenneth C. Frazier a CEO with Richard T. Clark staing as Chair
11/8/10 10Q for period ending 9/30/10
Microsoft MSFT: 11/19/10 8K re: results of 11/16/10 Annual Meeting of Shareholders
Pfizer PFE: 12/9/10 8K re: resignation of Jeffrey B. Kindler as CEO & election of Ian C. Read as Pres/CEO
11/12/10 10Q for quarter ending 10/3/10
11/2/10 8K re: 3Q results
10/22/10 SC TO-T & 10/12/10 8K both re: Pfizer's purchase of King Pharmaceuticals, Inc.
Procter & Gamble PG: 11/18/10 8K re: close of sale of $1 bil of 1.8% notes due '15
10/28/10 10Q for period ending 9/30/10
10/27/10 8K re: results for quarter ending 9/30/10
3M MMM: 12/7/10 8K re: re: financial outlook for '11
11/5/10 10Q re: quarter ending 9/30/10'
10/28/10 8K re: 3Q results of $6.9 bil sales
Travelers TRV: 11/10/10 8K re: completion of tender offer for 6.25% debentures due '67
11/9/10 8K re: modification of rights of holders of 6.75% notes due '36
11/8/10 re: purchase of 43% of a Brazilian surety
11/8/10 8K & 11/5/10 8K re: amendment of consent solicitation of 6.75% notes
11/1/10 8K re: underwriting agreement for sale of notes
10/27/10 8K re: tender offer to holders of 6.25% due '67
United Technologies UTX: 12/10/10 8K re: election of Ellen Kullman, DuPont CEO to Board of Directors
12/10/10 8K re: resignation of Carlos M. Gutierrez from Board
10/25/10 10Q for period ending 9/30/10
Verizon Communications Inc. VZ: 12/8/10 8K/A re: Board committee assignments of Rodney E. Slater
11/10/10 8K/A re: election of Lowell C. McAdam as Pres/COO & Francis J. Shammo EVP & CFO
10/28/10 10Q for period ending 9/30/10
WalMart WMT: 12/6/10 10Q for period ending 10/31/10
11/16/10 8K re: 3 Qtr EPS 0.95 cents and raising full year EPS guidance from $3.95 to $4.05